September 12, 2024

 

ForFarmers and team agrar combine feed operations in Germany

 

ForFarmers and team agrar, part of the DLG Group, have agreed to combine their feed operations in Germany.

 

The joint venture, which will continue under the name, ForFarmers team agrar, has a comprehensive feed portfolio across various species. This agreement is subject to applicable regulatory approvals from the relevant authorities.

 

ForFarmers and team agrar have been working together for a long time in Germany via their joint venture HaBeMa, a company active in trading, storage, and transshipment of raw materials and compound feed production in Hamburg, Germany.

 

team agrar provides services and products in all sectors. In addition to the production of compound feed, the company includes grain collection and trading, the supply of seeds, fertilisers and plant protection products as well as special agricultural products.

 

The 50/50 joint venture concerns ForFarmers' feed activities in Germany with approximately 250 employees and team agrar's feed activities there that has approximately 130 employees. It involves eight feed production sites, three terminals, and a vehicle fleet. HaBeMa, which has 130 employees, is also part of the joint venture.

 

The management of joint venture will include representatives from ForFarmers, team SE and HaBeMa. Ernst Friedlaender will be managing director.

 

The joint venture will also have an advisory board with equal membership from both shareholders. The first chair will be appointed by team agrar.

 

Going forward, the shareholders will alternately appoint a chairman on regular intervals.

 

Pieter Wolleswinkel, chief executive officer of ForFarmers, said: "We have worked well with team agrar and DLG Group for many years in our joint venture HaBeMa. I believe joining forces is a great step forward for both parties to extend our market activities in Germany. It will lay a foundation for further growth in an important region for ForFarmers in Germany. This partnership will enable us to enhance our product portfolio to provide local solutions and services to the German market."

 

Jesper Pagh, interim CEO of DLG Group, said: "We are very happy to announce that we are expanding our partnership with ForFarmers, a trusted and year-long partner with whom we share both strategic aspirations and values. The partnership aligns very well with our strategic goal of growing our market position, and it will benefit our customers by enabling us to deliver even better solutions in the future."

 

Ernst Friedlaender, managing director of ForFarmers Germany, said: "(The joint venture) offers economies of scale and combining our knowledge and expertise will create synergies in many areas. Furthermore, we value each other's mission and vision and there is a clear cultural fit. We look forward to broadening our cooperation that will contribute to a sustainable and future-proof business."

 

Bent Nissen, managing director of team agrar, said: "We are taking this very important strategic step to future-proof our feed activities. The partnership signifies our commitment to strengthening the value proposition to our customers by bringing them best-in-class products and service. At the same time, it allows us to leverage synergies, boost competencies, and offers our colleagues new opportunities and perspectives."

- ForFarmers